Feb 26, 2023

English - UK

Pramod Pawar

Bioreactors Market to Reach USD 36.07 billion, Globally by 2033

Market Overview

Bioreactors are devices used for the cultivation of cells, bacteria, and other microorganisms, and the production of biological products such as vaccines, therapeutic proteins, and biofuels. The global bioreactors market is driven by factors such as the growing demand for biopharmaceuticals, increasing investments in research and development, and technological advancements.

The bioreactors market size is expected to reach around USD 36.07 billion by 2033 from valued at USD 11.03 billion in the year 2023. The global bioreactors market is expected to grow at a compound annual growth rate of 12.58% during the forecast period, according to a new study by Market.us.

The demand for bioreactors is primarily driven by the growing demand for biopharmaceuticals, such as therapeutic proteins and monoclonal antibodies, which are used in the treatment of various diseases such as cancer and autoimmune disorders. Moreover, there is a growing trend towards the use of single-use bioreactors, which offer several advantages over traditional stainless steel bioreactors, such as cost-effectiveness and ease of use.

Going forward, 3D-printed bioreactors are expected to open up new avenues for innovation and improvements in the field of bioprocessing. Moreover, collaborations between researchers within academia and industry could help drive the development of innovative solutions for sustainable production processes.

Key Takeaways

  • The global bioreactors market is expected to grow significantly in the forecast period.
  • Single-use bioreactors are gaining popularity due to their cost-effectiveness and ease of use.
  • Asia Pacific is the fastest-growing market for bioreactors due to the growing biopharmaceutical industry and increasing government initiatives.

To have an edge over the competition by knowing the market dynamics and current trends, request for the sample report here - https://market.us/report/bioreactors-market/request-sample/

Report Metric:

Largest MarketNorth America
Fastest-Growing MarketAsia Pacific
Market Size (2022)USD 9.8 billion
Estimated Market Value (2023)USD 11.03 billion
Forecasted Market Value (2033)USD 36.07 billion

Regional Snapshot

In the projected timeline, the North American bioreactors market will see a significant increase. The market leaders are always focused on creating innovative products to treat the chronic diseases that affect the population. North American regions are expected to see an increase in research and development spending. This will result in a higher demand for bioreactors.

The Asia Pacific region will experience a higher compound annual rate of growth in the future. Bioprocessing facilities are looking to expand their presence in diverse regions. The demand for bioreactors in the Pacific area will increase in order to develop new drugs.

Report highlights

  • Bioreactors that can be reused will enjoy greater acceptance and preference. There is a higher demand for reusable bioreactors in the healthcare industry. The market will grow faster if reusable bioreactors are used to generate higher volumes.
  • This segment of a mammalian cell will enjoy a greater market share because it is used for the commercial production and research of vaccines. These cells can be used to produce tissue analogs. Mammalian cell research has many other applications.
  • Based on the molecule, vaccines have dominated bioreactors. Vaccines are being developed at a large scale. There are more chronic diseases than vaccines, so the demand for vaccines is expected to grow.
  • Bioreactors are a common tool used by biopharma companies. Advanced technologies make complex manufacturing easier. Bioreactors allow for the creation and development of complex molecules. Bioreactors simplify the manufacturing and development of nucleic acids and proteins.
  • The innovative bioreactors will facilitate many complex procedures, which will lead to a greater adoption of this product by the healthcare industry.

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Drivers

  1. Growing demand for biopharmaceuticals: The increasing prevalence of chronic diseases such as cancer and autoimmune disorders is driving the demand for biopharmaceuticals, which in turn is fueling the growth of the bioreactors market.
  2. Increasing investment in research and development: The growing investment in research and development in the biotechnology industry is driving the development of new bioreactor technologies and driving the growth of the bioreactors market.
  3. Technological advancements: The development of advanced materials and 3D printing technology is driving the development of new bioreactor designs and fueling the growth of the bioreactors market.

Restraints

  1. High costs associated with bioreactors: Bioreactors are expensive to manufacture and require skilled professionals to operate, making them unaffordable for small and medium-sized enterprises.
  2. Regulatory concerns: The bioreactors market is highly regulated, and companies must comply with several regulations and guidelines before they can sell their products.
  3. Limited availability of skilled professionals: The bioreactors market requires skilled professionals to operate and maintain the bioreactors, and the limited availability of skilled professionals is a major restraint on the growth of the market.

Opportunities

  1. Growing demand for single-use bioreactors: The growing demand for single-use bioreactors is a significant opportunity in the bioreactors market, as they offer several advantages such as cost-effectiveness, ease of use, and reduced risk of contamination.
  2. Increasing adoption of bioreactors in emerging markets: The increasing adoption of bioreactors in emerging markets such as Asia Pacific and Latin America is a significant opportunity in the bioreactors market, as these regions offer significant growth potential.
  3. Advancements in bioreactor technology: The development of advanced materials and 3D printing technology is driving the development of new bioreactor designs, offering significant opportunities for growth in the bioreactors market.

Challenges

  1. Lack of standardization in bioreactor design and operation: The lack of standardization in bioreactor design and operation is a major challenge in the bioreactor market, as it can lead to variability in product quality and yields.
  2. Maintenance and cleaning issues: Bioreactors require regular maintenance and cleaning, which can be time-consuming and expensive, and can lead to downtime.
  3. Complex manufacturing processes: The manufacturing processes for biopharmaceuticals are complex, requiring specialized equipment and skilled professionals, which can be a challenge for small and medium-sized enterprises.

Recent Developments

  • Thermo Fischer Scientific launched HyPerforma DynaDrive single-purpose bioreactors in the year 2021, as the demand from pharmaceutical companies for bioreactors grew dramatically. They had capacities of 3000 and 5000 liters.
  • October 2022: Getinge AB announced the support of the Dutch government's initiative for animal products, such as meat, and milk proteins, directly from animal cells and microbial cells.
  • May 20,22: Pall Corporation announces that its ICELL nano bioreactor helped the Institute of Biomedicine of Seville develop CAR-T therapies using viral vectors.

Interested to Procure the Data with Actionable Strategy & Insights? Inquire here at https://market.us/report/bioreactors-market/#inquiry

Market Segmentation

Type

  • Single-use Bioreactors
  • Multiple-use Bioreactors

Application

  • Food Industry
  • Pharmaceutical
  • Sewage Treatment
  • Biochemical Engineering
  • Others

Key Market Players included in the report:

  • Applikon Biotechnology
  • Pall Corporation
  • GE Healthcare
  • Sartorius AG
  • Eppendorf
  • Thermo Fisher Scientific
  • Cellexus
  • Celltainer Biotech BV
  • Finesse Solutions
  • Merck Millipore
  • PBS Biotech
  • Cellution Biotech
  • CerCell ApS
  • Electrolab Biotech
  • Infors AG
  • Pierre Guerin
  • Techniserv
  • Bioengineering AG
  • Broadley-Jamesn

Report Scope

Report AttributeDetails
Global Market Growth Rate (2023 to 2033)CAGR Of 12.58%
Regions CoveredNorth America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of the World
Historical Years2017-2022
Base Year2022
Estimated Year2023
Short-Term Projection Year2028
Long-Term Projected Year2032

Frequently Asked Questions

Q1. What are bioreactors?

Bioreactors are devices used for the cultivation of cells, bacteria, and other microorganisms, and the production of biological products such as vaccines, therapeutic proteins, and biofuels.

Q2. What is the driving factor for the bioreactors market?

The growing demand for biopharmaceuticals, such as therapeutic proteins and monoclonal antibodies, is the primary driving factor for the bioreactors market.

Q3. What are single-use bioreactors?

Single-use bioreactors are bioreactors that use disposable plastic bags instead of traditional stainless steel vessels, offering several advantages such as cost-effectiveness, ease of use, and reduced risk of contamination.

Q4. Which region is the fastest-growing market for bioreactors?

The Asia Pacific region is the fastest-growing market for bioreactors due to the increasing investment in biopharmaceutical research and development, rising demand for biopharmaceutical products, and increasing government initiatives to support the biotechnology industry.

Q5. What are the opportunities in the bioreactors market?

Growing demand for single-use bioreactors, increasing adoption of bioreactors in emerging markets, and advancements in bioreactor technology are the major opportunities in the bioreactors market.

Contact us

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Market.us (Powered By Prudour Pvt. Ltd.)

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Pramod@market.biz

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